Global Evaluation Board Market 2017-2021
About Evaluation Board
An evaluation board is a printed circuit board that has a microprocessor and minimal support logic. The evaluation board is used for testing and measuring devices such as sensors, transceivers, memory interfaces, and displays. The evaluation board is a tool for the development of different applications. It is completely assembled and tested with a surface mount board, which is integrated with access points that can test the desired device. This enables the user to connect and measure electrical characteristics and waveforms quickly. A wide range of evaluation boards for ARM, Cortex-M4, Cortex-M3, Cortex-M0, and 8051 processors are available in the market. All evaluation boards and kits provide evaluation software, cables, and documentation. An evaluation kit enables customers to evaluate the performance of the devices easily and quickly without the need to develop a full-fledged design.
Technavio’s analysts forecast the global evaluation board market to grow at a CAGR of 6.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global evaluation board market for 2017-2021. To calculate the market size, the report considers the revenue generated by the sales of different types of evaluation boards.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Evaluation Board Market 2017-2021
Technavio recognizes the following companies as the key players in the global evaluation board market: Analog Devices, Infineon Technologies, Integrated Device Technology, Maxim Integrated, NXP Semiconductors, STMicroelectronics, and Texas Instruments.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Continuous advances in communication technologies. The rapid advances in technology in the communications industry will contribute to the growth of the global evaluation board market during the forecast period. The advances in technology have also compelled test equipment vendors to continue developing equipment that supports a particular technology. In addition, the adoption of latest technologies, such as long-term evolution (LTE), LTE- Advanced (LTE-A), and WiMAX, to replace older technologies, such as general packet radio service (GPRS) and Wideband Code Division Multiple Access (WCDMA), has increased the need for testing the new technologies.”
According to the report, one of the major drivers for this market is Increased adoption of LED lighting. Currently, LED is the most sought-after technology in the lighting sector. This technology provides benefits such as energy savings, cost efficiency, and low maintenance. Government organizations across the globe are encouraging the use of LEDs in residential and commercial spaces. LED lights are not only used in residential and commercial spaces but also used in certain niche applications.
Further, the report states that one of the major factors hindering the growth of this market is Short product life cycle of electronic products. Technological innovations and dynamic consumer expectations have reduced the average life cycle of various products such as consumer electronics devices and automotive electronics. This is pressurizing evaluation board manufacturers to cater to the demanding needs of OEMs and Tier 1 suppliers. Consumer electronics devices become obsolete after a short duration such as one or two years. The consumer electronics market is highly influenced by shorter and faster upgrading cycles due to the rapid technological and design advances. Consumers tend to frequently replace the older versions of their devices with newer ones that are launched in the market. Currently, the replacement cycle of these products, such as smartphones, fans, and step motors, is a mere 8 to 12 months due to the frequent launches of new devices with the latest features and technology.
Analog Devices, Infineon Technologies, Integrated Device Technology, Maxim Integrated, NXP Semiconductors, STMicroelectronics, and Texas Instruments.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook